Deals of the Hour

Trying to find out what's the deal with the world, tracking what's on sale and who's talking about it on Twitter. Update hourly.

Deals of the Hour / September 24, 2010, 12:41 am

Abbott plans 3,000 job cuts tied to Solvay deal

Abbott acquired the pharmaceutical unit of Belgian chemicals maker Solvay for $6.2 billion. The deal gives Abbott access to markets including Eastern Europe, Latin America, and the Middle East, and Abbott said it ... (Source: Boston Globe 2010-09-21T16:56:56Z)

Brazil uncorks the world's biggest float

Petroleo Brasileiro SA, or Petrobras, will also take on debt to meet its five-year, $US224 billion ($236.3 billion) investment plan, said Christopher Garman, the Eurasia Group's Latin America director. ``Raising ... (Source: PerthNow 2010-09-24T06:37:46Z)

U.S. walks out of speech by Ahmadinejad at U.N.

Mark Kornblau, spokesman ... representing the aspirations and goodwill of the Iranian people," he said, "Mr. Ahmadinejad has yet again chosen to spout vile conspiracy theories and anti-Semitic slurs that are as ... (Source: Nashville Tennessean 2010-09-24T07:06:24Z)

Internet Marketer Webloyalty Settles NY Complaint for $5.2M

... York Attorney General Andrew Cuomo on Tuesday announced that his office had reached a $5.2 million settlement with Internet marketer Webloyalty for tricking Web users into signing up for discount clubs ... fine ... (Source: PC Magazine 2010-09-22T18:35:58Z)

Microsoft Still Scoffs At The Idea of Blu-ray

I think people may have spoken about [Xbox ... and actually Blu-ray is going to be passed by as a format. People have moved through from DVDs to digital downloads and digital streaming, so we offer full HD 1080p Blu ... (Source: PlayStation LifeStyle 2010-09-24T04:36:05Z)

Gillette to keep its name thru 2031

... the Gillette ... the New England Patriots through the 2031 football season. The Cincinnati-based consumer products maker said Wednesday it has extended its sponsorship and naming rights deal with The Kraft Group, (Source: WPRI 2010-09-23T01:02:31Z)

At U.N., Obama says Arab states not doing enough for Palestinians, Israel

... opportunity to make it real by taking tangible steps toward the normalization that it promises Israel," Obama said, referring to a 2002 Arab peace offer. "Those who speak out for Palestinian self-government ... (Source: Denver Post 2010-09-24T06:59:15Z)

UPDATE 1-Abbott to cut 3,000 jobs following Solvay deal

... Solvay's pharmaceuticals unit in Marietta, Georgia by the end of 2011. About 500 positions at a site in Weesp, the Netherlands also will be eliminated, as will 300 jobs in Hannover, Germany. The job cuts ... (Source: Reuters 2010-09-21T13:50:50Z)

Gillette extends Foxboro deal to 2031

... Gillette name on the home of the New England Patriots [ team stats ] through the ... has extended its sponsorship and naming rights deal by 14 years with the Kraft Group, the holding company for the Kraft family, (Source: Boston Herald 2010-09-23T04:15:47Z)

Petrobras raises $70B in biggest share offer

... government role in Petroleo Brasileiro SA ... From Petrobras' perspective, the share offering was successful in so far as there has been a good amount of appetite from private investors," said Christopher Garman, (Source: San Jose Mercury News 2010-09-24T01:44:17Z)

Ahmadinejad Suggests 9/11 Conspiracy Theories By US Government

... and goodwill of the Iranian people, Mr. Ahmadinejad has yet again chosen to spout vile conspiracy theories and anti-Semitic slurs that are as abhorrent and delusional as they are predictable," Mark Kornblau, (Source: ABC News Blogs 2010-09-24T01:22:48Z)

Petrobras set to price biggest share offer

... government role in Petroleo Brasileiro SA ... From Petrobras' perspective, the share offering was successful in so far as there has been a good amount of appetite from private investors," said Christopher Garman, (Source: AP - msnbc.com 2010-09-24T03:53:08Z)

UK Xbox Boss: "Who Needs Blu-ray?"

UK Xbox top dog has spoken ... and actually Blu-ray is going to be passed by as a format. People have moved through from DVDs to digital downloads and digital streaming, so we offer full HD 1080p Blu-ray quality ... (Source: TheSixthAxis 2010-09-23T11:10:58Z)

Abbott Laboratories to cut 3,000 jobs following Solvay deal

Solvay's drug unit had more than 10,000 jobs when Abbott bought it. The job cuts are part of "a series of recent strategic ... giving Abbott full control of its Belgian partner's cholesterol treatments and further ... (Source: China Post 2010-09-23T07:36:13Z)

Asian shares slide; BoJ speculation plays on Yen and US dollar

com (Barcelona) - Equities over the Asian continent have been tracking losses from New York yesterday after disappointing ... the Japanese yen was supported higher on speculation that the BoJ has once again ... (Source: FXStreet.com 2010-09-24T06:37:46Z)

Ticketmaster cited in New York investigation into hidden fees by Webloyalty

... Webloyalty.com . According to New York Attorney General Andrew Cuomo, Webloyalty and several of its clients, of which Ticketmaster was one, "tricked" consumers "into signing up for discount clubs ... fine print (Source: Ticket News 2010-09-23T19:03:25Z)

U.S. walks out on Ahmadinejad

... opportunity to make it real by taking tangible steps toward the normalization that it promises Israel," Obama said, referring to a 2002 Arab peace offer. "Those who speak out for Palestinian self-government ... (Source: Wichita Eagle 2010-09-24T05:04:43Z)

Microsoft Dismisses Blu-ray as 'long gone'

Microsoft has confirmed that Blu-ray has little chance of making an appearance on the Xbox 360 after ... People have moved through from DVDs to digital downloads and digital streaming, so we offer full HD 1080p Blu ... (Source: IncGamers.com 2010-09-23T13:48:27Z)

CalPERS invests $190 million in Brazil realty

a Houston firm and frequent CalPERS partner. The deal signifies the California Public Employees' Retirement System's willingness to pursue investments in a difficult real estate climate. A little over a year ago, (Source: Fresno Bee 2010-09-23T07:07:35Z)

No parliamentary majority for Swedish PM: final count

Swedish Prime Minister Fredrik Reinfeldt's centre-right bloc missed out ... old outgoing prime minister has already ruled out any deal with the far-right Sweden Democrats, which enter parliament for the first time ... (Source: Raw Story 2010-09-23T16:33:06Z)

Can CalPERS Eat Its Own Cooking?

California Public Employees' Retirement System (CalPERS) has kicked some serious butt in the name of good corporate governance policies at major companies recently, and it's definitely turned up the heat ... (Source: Motley Fool 2010-09-22T19:33:14Z)

Internet marketer settles complaints

... York Attorney General Andrew Cuomo ... discount clubs offering things like cheap movie tickets in exchange for small monthly fees. Some shoppers complained that they either never saw or misunderstood the fine print (Source: Jackson Clarion-Ledger 2010-09-22T06:40:09Z)

Japanese Market Trades Weak On Wall Street Cues, Economic Concerns

RTTNews) - The Japanese market plunged sharply in early trades on Friday following ... dollar traded at the mid-84 yen range in early deals in Tokyo. The yen is currently trading at 84.51 to the U.S. dollar. (Source: RTT News 2010-09-24T02:05:45Z)

Sweden PM's Bloc Two Short Of Parliamentary Majority In Poll

... Swedish Prime Minister Fredrik Reinfeldt's center-right bloc is two ... parties to form a cabinet after having ruled out any deal with the far-right Sweden Democrats Party, which secured 5.7 percent of the vote ... (Source: RTT News 2010-09-24T04:21:46Z)

Swedish vote confirmed: Gov't loses majority

... Thursday that Prime Minister Fredrik Reinfeldt's four-party alliance won 173 of the 349 seats, two short of a majority. The left-wing opposition got 156 seats in Sunday's vote. The far-right Sweden Democrats ... (Source: AP - msnbc.com 2010-09-23T16:25:56Z)

Procter & Gamble extends Gillette Stadium rights through 2031

... the Gillette ... the New England Patriots through the 2031 football season. The Cincinnati-based consumer products maker said Wednesday it has extended its sponsorship and naming rights deal with The Kraft Group, (Source: Minneapolis Star Tribune 2010-09-22T17:10:04Z)

Obama urges Arab states to push for Mideast peace

... opportunity to make it real by taking tangible steps toward the normalization that it promises Israel," Obama said, referring to a 2002 Arab peace offer. "Those who speak out for Palestinian self-government ... (Source: Nashville Tennessean 2010-09-24T07:06:24Z)

Japanese Market Rebounds As Yen Retreats

dollar traded at the lower 83 yen level in early deals in Tokyo. However, following reports that the Japanese government and the Bank of Japan intervened in the currency market by selling the Japanese currency, (Source: RTT News 2010-09-15T03:42:20Z)

U.S. delegates walk out in protest at U.N.

Mark Kornblau, spokesman ... representing the aspirations and goodwill of the Iranian people," he said, "Mr. Ahmadinejad has yet again chosen to spout vile conspiracy theories and anti-Semitic slurs that are as ... (Source: Pittsburgh Tribune-Review 2010-09-24T04:00:17Z)

Hines Interests sells share of Washington Square office complex to CalPERS

the California Public Employees Retirement System (CalPERS), and it may be on the buying end of another big deal soon. In addition to selling its equity stake in Washington Square, Hines plans to end its management ... (Source: Minneapolis-St Paul Business Journal 2010-09-17T16:25:54Z)

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